TEL INSTRUMENT ELECTRONICS CORP reported fiscal 2025 revenue of $9.3M, up 5.5% from $8.81M a year earlier, with a net loss of ($5.28M) and diluted loss per share of ($1.62) — results disclosed in its 10-K filing for the year ended 2025.
Financial Highlights
| MetricCurrent yearPrior yearYoY change | Revenue¹$9.3M$8.81M5.5% | Net income²($5.28M)($9.66K)(54557%) | Diluted EPS³($1.62)$0— |
¹ Reported as “Net sales”. ² Reported as “Net loss attributable to common shareholders”. ³ Reported as “diluted loss per common share”.
Business Highlights
- Revenue growth was driven by invoicing on Navy projects and increased adoption of the company's commercial SDR/OMNI products.
- Government avionics sales increased about 6%, supported by large Navy and NATO orders, while commercial sales benefited from SDR/OMNI uptake.
- Legacy CRAFT shipments ceased due to parts obsolescence; the company is converting backlog to the higher-margin AN/USM-708A program.
- Engineering spending rose 78% to support CRAFT ECP and AN/USM-708A development, and a production mix shift increased fixed costs.
- Management expects multi-year AN/USM-708A production run rates of roughly $5M per year and anticipates potential operational profitability if execution proceeds as planned.
Original SEC Filing:
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